Scania increases credit facility to EUR 1,000 m.
Scania AB has signed an increased and adjusted EUR 1,000 m. revolving credit facility that will be used for general company purposes.
The facility replaces the EUR 500 m. credit facility signed in July 2004. The final maturity date is 31 January 2013, with a two-year renewal option. Danske Bank coordinated the amendment of the facility and is its agent.
“We are very pleased that we have been able to carry out this expansion under prevailing financial market conditions. The original EUR 750 m. was greatly oversubscribed and was then expanded to EUR 1,000 m. This reflects Scania’s solid financial position and our good working relationships with our banks,” says
Jan Ytterberg, Scania’s Chief Financial Officer.
The banks that have re-committed to the facility are: ABN Amro, Bancu Itau, Banco Santander, BBVA, BNP Paribas, Calyon, Citibank, Danske Bank, Deutsche Bank, DnB NOR, HSBC, ING, Nordea, SEB, Svenska Handelsbanken and Swedbank.
For further information, please contact:
- Stina Thorman, Head of Investor Relations, tel. +46 8 553 837 16
- Hans-Åke Danielsson, Press Manager, tel. +46 8 553 856 62